Head of Policy Wordings Specialist

4 weeks ago


London, Greater London, United Kingdom Travelers Full time
About the Role

We are seeking a seasoned professional to fill the position of Head of Policy Wordings, who will be responsible for the production and maintenance of Travelers' wordings across Bond and Speciality.

Key Responsibilities
  1. Develop and implement a framework for wording portfolio management, encompassing assessment, analysis, completion, and strategic maintenance and innovation of Travelers' wordings.
  2. Collaborate with product leads, distribution, legal, claims, underwriting, compliance, and IT functions to ensure that policy wordings are contemporary, market leading, and customer-centric.
  3. Design and build a library for all agreed coverages, including TRV own and TP policy forms.
  4. Manage workloads within the wordings team to ensure priorities are dealt with in a timely manner.
  5. Deliver 'technical wording' training to underwriters on an ongoing basis in conjunction with and support of Distribution.
  6. Represent TRV with ABI, LMA, CII, BIBA, and AIRMIC at policy wording forums and ensure that trends identified by this group are taken to TRV and appropriate stakeholders are engaged.
Requirements
  • Educated to degree or equivalent standard preferred.
  • Thorough knowledge of London or Company insurance market, preferably with some in-house experience working within the Company or Lloyd's market.
  • Awareness of Delegated Authority/Consortia structure Minimum Standards required.
  • Expert level market wording knowledge in at least one line of business and good knowledge in all other lines of business.
  • Research and analysis – Proven research, analytical, and drafting skills with the ability to deliver coverage analysis and provision of legal advice on complex underwriting matters.
  • Project management and excellent organisational skills.
What We Offer
  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
  • Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
  • Wellness Programme: The Travelers wellness programme is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs.


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